China Calxon Group Co.,Ltd. Posted 150.7 Million Yuan Net Loss in First Quarter of 2023

China Calxon Group Co.,Ltd. (嘉凯城集团股份有限公司) (000918.SZ) reported a net loss of 150.7 million yuan in the first quarter of 2023, narrowing 17.7% year-on-year.

Meanwhile, the company posted 218.5 million yuan in revenue, down 17.9% year-on-year.

At the end of the reporting period, it had 10.2 billion yuan in total assets and 10.4 billion yuan in total liabilities, with a liability-to-asset ratio of 102.1%.